volume 14 issue 3 pages 267-285

Optimal extraction of petroleum resources

B Helmi Oskoui 1
R. Narayanan 2
T GLOVER 3
K S Lyon 3
M. Sinha 4
Publication typeJournal Article
Publication date1992-09-01
SJR
CiteScore
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ISSN01650572
General Environmental Science
General Earth and Planetary Sciences
Abstract
Petroleum reservoir behavior at different levels of reservoir pressure is estimated with the actual well data and reservoir characteristics. Using the pressure at the bottom of producing wells as control variables, the time paths of profit maximizing joint production of oil and natural gas under various tax policies are obtained using a dynamic optimization approach. The results emerge from numerical solution of the maximization of estimated future expected revenues net of variable costs in the presence of taxation. Higher discount rate shifts the production forward in time and prolongs the production plan. The analysis of the state, corporate income taxes and depletion allowance reveals the changes in the revenues to the firm, the state and the federal governments.
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GOST |
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GOST Copy
Helmi Oskoui B. et al. Optimal extraction of petroleum resources // Resources and Energy. 1992. Vol. 14. No. 3. pp. 267-285.
GOST all authors (up to 50) Copy
Helmi Oskoui B., Narayanan R., GLOVER T., Lyon K. S., Sinha M. Optimal extraction of petroleum resources // Resources and Energy. 1992. Vol. 14. No. 3. pp. 267-285.
RIS |
Cite this
RIS Copy
TY - JOUR
DO - 10.1016/0165-0572(92)90011-5
UR - https://doi.org/10.1016/0165-0572(92)90011-5
TI - Optimal extraction of petroleum resources
T2 - Resources and Energy
AU - Helmi Oskoui, B
AU - Narayanan, R.
AU - GLOVER, T
AU - Lyon, K S
AU - Sinha, M.
PY - 1992
DA - 1992/09/01
PB - Elsevier
SP - 267-285
IS - 3
VL - 14
SN - 0165-0572
ER -
BibTex |
Cite this
BibTex (up to 50 authors) Copy
@article{1992_Helmi Oskoui,
author = {B Helmi Oskoui and R. Narayanan and T GLOVER and K S Lyon and M. Sinha},
title = {Optimal extraction of petroleum resources},
journal = {Resources and Energy},
year = {1992},
volume = {14},
publisher = {Elsevier},
month = {sep},
url = {https://doi.org/10.1016/0165-0572(92)90011-5},
number = {3},
pages = {267--285},
doi = {10.1016/0165-0572(92)90011-5}
}
MLA
Cite this
MLA Copy
Helmi Oskoui, B., et al. “Optimal extraction of petroleum resources.” Resources and Energy, vol. 14, no. 3, Sep. 1992, pp. 267-285. https://doi.org/10.1016/0165-0572(92)90011-5.